$1,050,000
6853 Fulton Avenue represents a compelling value-add opportunity in one of Los Angeles' most sought-after infill corridors. This well-maintained 7-unit (6+1 NC) complex offers investors a rare combination of significant rental upside, a diverse unit mix, and strong fundamentals in the heart of the North Hollywood submarket. With in-place rents running significantly below market, the asset presents an exceptional mark-to-market runway for the sophisticated investor. Whether through natural turnover or a targeted renovation program, the path to market rents is well-defined -- offering substantial near- and long-term yield expansion in a growing Los Angeles neighborhood. The property's 7 units are configured across a well-balanced mix of floor plans: (4) - 2 bed / 1 bath, (2) - 1 bed / 1 bath, and (1), non-conformingbachelor. This diversified unit mix broadens the tenant demand profile and supports strong long-term occupancy performance. Built in 1957, the property sits on a 7,009 SF lot with 4,920 SF of gross building area. New ownership may elect to re-activate the laundry room for additional income. Tenants are responsible for electricity and gas, while the owner covers water, sewer, and trash. Situated in the established North Hollywood neighborhood, the property benefits from convenient access to major freeways including the 170, 101, and 405. The location continues to attract strong renter demand from working professionals and long-term residents alike.
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Listed by Casey Picard with Keller Williams Realty (626) 204-3300
Property Type
Residential Income
Status
Active
MLS Number
P1-26586
Year Built
1957
Lot Size
7,009 sq ft